Bayport International Holdings, Inc. (OTC PINK:BAYP) announced today through its CEO, Clay Franks their second planned acquisition specifically for the legal cannabis industry, but with implications for other industries as well.

Mr. Franks stated, “We recently announced the pending acquisition of an Online Cannabis Industry Directory that will compete directly with Weedmaps, Leafly and other well-known directory websites. We also announced that we are putting the infrastructure in place in order to offer any business listed in our directory customized support with other aspects of their online marketing success such as their primary website, their approach to search engine optimization, their approach to advertising, their social media footprint, etc. This approach will add value, enhance retention rates and create additional revenue streams, but one key component of our overall plan was missing.”

Mr. Franks said, “While our monthly subscriber fees will be very affordable for our Cannabis Directory customers, not every customer will have the funds necessary to afford the customized marketing and advertising packages that will also be available. In an effort to ensure that we did not leave any potential revenue on the table, we sought out a component that we felt we could purchase for a reasonable price with a return on investment that could be one thousand fold or better. As a planned incentive component of our Cannabis Directory, we are purchasing an up to date video library that covers every aspect of online marketing and advertising. The library contains well over 40 separate tutorials with well over 500 videos and counting. We have also negotiated a long term plan to ensure that the library stays current and up to date at all times.”

Mr. Franks stated, “This may sound like small potatoes to some, but I for one am very passionate and excited about this particular step in the process. For us it is a key component to substantial revenue generation for years to come. The revenue potential for our Cannabis Directory is in the millions of dollars. In order to ensure that we grow our base of new customers while retaining those that we already have, there has to be incentives for them to stay with us for the long term. For those who may be on a budget, but still desperate to learn how to increase their customer base, this online marketing video library is just one of the many incentives that we will include as part of our overall strategy.”

Mr. Franks also stated, “Another exciting part of this particular purchase is the fact that it has opened up a myriad of possibilities as to how we can grow corporately beyond just the cannabis industry. There are many niche industries that are underserved and business owners across the country that are hungry for information and/or support on how to grow their customer base in an ever changing online environment. While we will stay laser focused on our overall strategy for operating in the cannabis industry and will always remain open for additional cannabis related revenue possibilities, we are now evaluating additional niche industries that we feel could be served by a directory platform and all of the incentives that we will already have in place for their use as well. In addition, as a completely separate revenue portal, this entire video library will be set up as a completely automated membership based site that will be available to any and all small business across the country.”

Mr. Franks finished up with, “Both of these acquisitions will officially close on or before December 19, 2016. At closing, Bayport International will acquire an existing Oregon based LLC and we will operate all of our cannabis related businesses under this LLC as a separate division of the company. All assets will be transferred and operating as a separate entity of Bayport International on or before January 27, 2017. We want to thank each of those who are investing their time and effort into the overall business plan and we’d also like to thank our shareholders for their support.”

About Bayport International Holdings, Inc.

Bayport International Holdings, Inc. is a holding company active in Oil & Gas, strategic metals, precious minerals and energy production. The company is also pursuing opportunities in the legal cannabis industry. The objective of the company is to provide diverse, yet practical investment opportunities to its shareholders.

DALLAS, Dec. 01, 2016 (GLOBE NEWSWIRE) — Bayport International Holdings, Inc. (OTC PINK:BAYP) announced today through its CEO, Clay Franks, is intent to retire approximately 10% of all outstanding common shares.

Mr. Franks stated, “We are under new leadership now and aggressively moving into the legal cannabis industry. We could not be more thrilled with the myriad of opportunities this provides for Bayport International.”

Mr. Franks also stated, “We want to establish credibility up front with our shareholders and make it crystal clear to them that we have their best interests in mind. As of today, we are retiring approximately 10% of all outstanding common shares. These shares were sitting in reserve and we have no need for them to be on the books in the near or intermediate term, so we felt it in the best interest of both the company and our shareholders to remove them altogether.”

Mr. Franks went on to say, “Also, as a result of the recent retirement of former officers and board members from our company, the preferred shares that they held with voting rights are also being retired. We wanted to clean up the share structure completely prior to closing the first of several cannabis related acquisitions and these two steps should position us nicely for the future.”

As a closing statement, Mr. Franks stated, “We have some more exciting news coming in the next couple of weeks related to both our current cannabis related acquisition target and other acquisitions as well. We will share via press release at the appropriate time.”

The process of retiring stock can take several days to update through our Transfer agent and other sources.

About Bayport International Holdings, Inc.

Bayport International Holdings, Inc. is a holding company active in Oil & Gas, strategic metals, precious minerals and energy production. The company is also pursuing opportunities in the legal cannabis industry. The objective of the company is to provide diverse, yet practical investment opportunities to its shareholders.

Mr. Franks stated, “We will be completing our first cannabis related acquisition on or before January 27, 2016. We can tell you today that the company of choice has created a business with incredible scalability and revenue potential for years to come. Not only will we compete in the cannabis industry directly with Weedmaps, Leafly and other well-known directory websites, but this particular business model sets itself apart in a very unique way.”

Mr. Franks explained, “Most directory websites are just that; a way for visitors to find businesses within a particular niche and relevant details about that particular business. We will take it a step further. We will work closely with any business listed in our directory to enhance other aspects of their online marketing success such as their primary website, their approach to search engine optimization, their approach to advertising, their social media footprint, etc. This is a very unique approach that not only adds value, but will enhance the retention rate of the directory listings and creates additional revenue streams that are being left on the table by current competitors. We feel strongly that this business model has upside in the millions of dollars.”

Mr. Franks went on to say, “Yes, we are well aware of the competition and their head start in this particular niche market, however, we are also aware that the cannabis industry is just getting started and we will compete aggressively over time to capture significant market share. If you look at the incredible amounts of revenue already being generated in this space with only a handful of states having a mature cannabis market at this point, you begin to understand the tremendous revenue potential that this will create for Bayport International. This first acquisition will be an “all stock” transaction with key individuals joining our company on an incentive basis as support personnel.”

Mr. Franks finished up with, “This team of design and coding experts is currently making several adjustments to the platform and its capabilities based on our specific requests. Once they’ve made these adjustments and we’ve tested and retested the platform, we have every intention of closing this deal and operating as a separate Bayport International entity on or before January 27, 2017. We could not be more excited about this opportunity for our management team and our shareholders and we look forward to sharing more information in the near future.”

Bayport International Holdings Inc (OTCMKTS:BAYP) shares were flat last week but could be poised for upside with its investment in the marijuana industry.

Bayport International Holdings Inc (OTCMKTS:BAYP) shares were flat last week at $0.00020. Share prices have been trading in a 52-week range of $0.00 to $0.00. The company has a market cap of $350K at 1.75 billion shares outstanding.

Bayport International Holdings is a multi-faceted holding company with proposed operations in strategic metals and precious minerals and energy production. Its main focus is on precious metals, rare earth and other critical strategic metals, and is primarily involved in acquisitions of oil and gas interests and mining properties. It also delves into the commercial exploitation of various oil and gas opportunities by acquiring and commercially exploiting various prospective oil and natural gas properties throughout the Northeastern and Midwestern United States primarily in Texas and Pennsylvania.

But with its latest company updates, Bayport International Holdings is putting more focus in the cannabis industry, which is projected to grow to a $20 billion market by 2020. This is due to the November 8 vote which legalized the use of recreational or medical marijuana in several US states. Earlier this month, Bayport International Holdings announced that James Porter has made the decision to retire and is stepping down as President to give way for Clay Franks as new CEO.

Due to the current business climate, attractive oil and gas deals are minimal at this point and we feel that it is in the best interest of the company and our shareholders to go in a completely new direction,” remarked Franks. “On October 10, 2016, we put out a press release stating that we were looking for reverse merger and/or acquisition candidates and we’ve been pleased with the response. A couple of the opportunities that have been presented to us are intriguing and we plan to take advantage of some of those opportunities in the very near future.”

The opportunities he was referring to was made more clear in the succeeding moves of Bayport International Holdings, which announced in a press release that it is currently evaluating multiple acquisition targets in the cannabis industry.

The cannabis industry for the most part is still in its infancy. Multiple states already allow medical marijuana and several now allow recreational products as well. One of the options we’ve been presented has staying power for the long term and the risk vs reward if off the charts. We are excited about what we’ve seen to date and feel strongly that a separate division focused on the cannabis industry will create a long term benefit for the company and our shareholders,” Franks explained.

He added that it is the perfect timing for Bayport International Holdings to shift direction since they have little debt on the books and their share structure has stabilized. He asked for shareholders to trust them in this transition and addressed rumors about the company, citing that they do not plan to implement a reverse split at any time in the immediate future and that acquisitions will be completed using restricted shares with little to no cash involved.

Indeed this marks a good time for the company to diversify out of the slowing oil and gas industry. Although rumors of an OPEC output deal managed to boost crude oil prices over the past few weeks, rumors that the talks between Saudi Arabia and Iran are breaking down have cast doubts on an actual agreement in their meeting this week, potentially unleashing more losses for the oil and energy sector in the near term.

DALLAS, Nov. 22, 2016 (GLOBE NEWSWIRE) — Bayport International Holdings, Inc. (OTCP:BAYP) is pleased to announce an exciting change in direction for the company. Bayport is currently evaluating multiple business options in the cannabis industry.

President Clay Franks stated, “As most of you know, on October 10, 2016, we put out a press release stating that we were looking for reverse merger and/or acquisition candidates. A couple of the opportunities that have been presented to us are in the cannabis industry and one option in particular is very attractive to us due to the scalability, the national reach and the revenue potential.”

Bayport International Holdings, Inc. is a company that up until recently has focused primarily on precious metals, rare earth and oil and gas ventures. The company will begin immediately to diversify into the cannabis industry as part of its overall strategy going into 2017.

Clay Franks added, “The cannabis industry for the most part is still in its infancy. Multiple states already allow medical marijuana and several now allow recreational products as well. One of the options we’ve been presented has staying power for the long term and the risk vs reward if off the charts. We are excited about what we’ve seen to date and feel strongly that a separate division focused on the cannabis industry will create a long term benefit for the company and our shareholders.”

Mr. Franks finished up with, “We want our shareholders to have confidence in the transition that will take place soon so we want to cover a few topics. First, despite rumors to the contrary, we do not plan to implement a reverse split at any time in the immediate future. Second, the acquisitions that we have in our sights will for the most part be completed using restricted shares with little to no cash involved and third, all of our information has recently been updated at OTCMarkets.com. We want those who are interested in investing in our company to have everything at their disposal complete and up to date. We look forward to sharing more on our acquisition plans in the coming weeks.”

DALLAS, Nov. 21, 2016 (GLOBE NEWSWIRE) — Bayport International Holdings, Inc. (Other OTC:BAYP) announced today that James Porter has made the decision to retire and is stepping down as President of Bayport International Holdings, Inc. Gail Porter will be leaving the company as well. Effective immediately, Clay Franks has been appointed as the new President/CEO. The company is also actively in discussions with new candidates to fill new directors and officer positions.

Mr. Franks stated, “Due to the current business climate, attractive oil and gas deals are minimal at this point and we feel that it is in the best interest of the company and our shareholders to go in a completely new direction.”

Bayport International Holdings, Inc. is a company that up until recently has focused primarily on precious metals, rare earth and oil and gas ventures. The company will begin immediately to diversify as part of its overall strategy going into 2017.

Mr. Franks also stated, “On October 10, 2016, we put out a press release stating that we were looking for reverse merger and/or acquisition candidates and we’ve been pleased with the response. A couple of the opportunities that have been presented to us are intriguing and we plan to take advantage of some of those opportunities in the very near future.”

Mr. Franks finished by saying, “The timing could not be more perfect for a change in direction. We have very little debt on the books. Our share structure has recently stabilized and the opportunities we’ve been presented have tremendous upside. We ask for your support during this transition and we look forward to sharing more on our future business strategy in the next few days.”